Spirax-Sarco Engineering plc (OTCMKTS:SPXSY - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $38.86 and last traded at $38.86, with a volume of 23235 shares trading hands. The stock had previously closed at $40.30.
Wall Street Analysts Forecast Growth
Separately, Hsbc Global Res raised Spirax-Sarco Engineering from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 13th.
Check Out Our Latest Report on SPXSY
Spirax-Sarco Engineering Stock Performance
The company's 50 day moving average is $45.37 and its 200 day moving average is $45.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.25 and a quick ratio of 1.61.
Spirax-Sarco Engineering Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, April 25th will be given a dividend of $0.7609 per share. The ex-dividend date is Friday, April 25th. This is a positive change from Spirax-Sarco Engineering's previous dividend of $0.27.
About Spirax-Sarco Engineering
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Spirax-Sarco Engineering plc provides engineered solutions it operates through three segments: Steam Thermal Solutions; Electric Thermal Solutions; and Watson-Marlow Fluid Technology Solutions. The company offers industrial and commercial steam systems, including condensate management, controls, and thermal energy management products and solutions for heating, curing, cooking, drying, cleaning, sterilizing, space heating, humidifying, vacuum packing, and producing hot water; electrical process heating and temperature management solutions, such as industrial heaters and systems, heat tracing, and various component technologies for industrial processes; and peristaltic and niche pumps and associated fluid path technologies, including tubing, and specialty filling systems and products for single-use applications.
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